Investment Summary

Apis Partners and GIC Invest In Coda Payments

On November 19, 2019, growth capital firm Apis Partners and sovereign wealth fund GIC invested in internet software and services company Coda Payments

Investment Highlights
  • This is Apis Partners’ 4th and GIC’s 4th transaction in the Internet Software and Services sector.
  • This is Apis Partners’ 2nd and GIC’s 2nd transaction in Singapore.

Investment Summary
Date 2019-11-19
Target Coda Payments
Sector Internet Software and Services
Investor(s) Apis Partners
GIC
Deal Type Growth Capital

Target

Coda Payments

Singapore, Singapore
Coda Payments operates Codashop, the major independent source for games and in-game currencies. Coda also offers Codapay, which allows publishers of digital content to accept the same range of 300+ payment methods available on Codashop on their own websites, and xShop, which allows publishers to distribute their products through a range of e-commerce and other consumer-facing platforms. Coda Payments was founded in 2011 and is based in Singapore.

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Investor(S) 2

Investor

Apis Partners

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2014
Size Small
Type Sector Focused
DESCRIPTION

Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.

DEAL STATS #
Overall 15 of 30
Sector (Internet Software and Services) 4 of 11
Type (Growth Capital) 10 of 17
Country (Singapore) 2 of 6
Year (2019) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-04 Tutuka

Johannesburg, South Africa

Tutuka is a global payments enabler making payments happen by enabling clients’ customers to pay with Mastercard, Visa or Union Pay cards and products. Tutuka was formed in 1998 and is based in Johannesburg, South Africa.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-18 Eureka AI

Jakarta, Indonesia

Eureka AI is a data as a service platform that helps mobile operators monetize externally its data corpus. Eureka accomplishes this by partnering with enterprise customers in other industries to identify commercial opportunities and create products that leverage vertical-relevant mobile data required to deliver new revenue streams and improve operations. Effectively, Eureka’s platform works as an automated outsourced AI and data scientist team that formulates immediately monetizable commercial opportunities for both telecom operators and enterprises working with such operators. Eureka AI is based in Jakarta, Indonesia.

Buy -
Investor

GIC

Investor Investor Investor Investor Investor

Category Sovereign Wealth Fund
Founded 1981
Size Mega
Type Sector Agnostic
DESCRIPTION

GIC Private Ltd. is the investment arm of Singapore. The Group primarily invests through three investment groups, including public markets, private equity and real estate. GIC's private equity practice looks to invest in funds as well as directly in companies. GIC is based in Singapore with additional offices globally.

DEAL STATS #
Overall 29 of 38
Sector (Internet Software and Services) 4 of 4
Type (Growth Capital) 4 of 4
Country (Singapore) 2 of 2
Year (2019) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-10 Kellas Midstream

Aberdeen, United Kingdom

Kellas Midstream is a midstream infrastructure business in the UK which transports gas from the Central and Southern North Sea areas to the UK, where it is then processed on behalf of major North Sea gas producers. Kellas Midstream is based in Aberdeen, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-08 Metro Pacific Hospitals

Makati City, Philippines

Metro Pacific Hospitals is an operator of the largest private hospitals and healthcare network in the Philippines in terms of authorized bed capacity and revenue, with interests in 14 hospitals nationwide, including eight hospitals in Metro Manila. Metro Pacific Hospitals also has interests in eight primary care clinics and eight cancer care centers, among other investments in allied healthcare services. Metro Pacific Hospitals was based in Makati City, Philippines.

Buy -
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